LivaNova PLC (LIVN)

Debt-to-capital ratio

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Long-term debt	US$ in thousands	549,624	604,287	605,432	604,753	568,543	568,163	567,951	520,201	518,067	518,249	459,792	455,810	9,849	10,797	431,033	646,369	642,298	637,109	639,189	315,561
Total stockholders’ equity	US$ in thousands	1,320,260	1,310,040	1,242,540	1,221,540	1,277,630	1,225,470	1,240,610	1,227,340	1,207,620	1,146,960	1,282,000	1,291,850	1,294,640	1,299,500	1,028,670	1,055,130	1,109,260	1,350,790	1,333,190	1,392,710
Debt-to-capital ratio		0.29	0.32	0.33	0.33	0.31	0.32	0.31	0.30	0.30	0.31	0.26	0.26	0.01	0.01	0.30	0.38	0.37	0.32	0.32	0.18

December 31, 2024 calculation

Debt-to-capital ratio = Long-term debt ÷ (Long-term debt + Total stockholders’ equity)
= $549,624K ÷ ($549,624K + $1,320,260K)
= 0.29

The debt-to-capital ratio of LivaNova PLC has fluctuated over the past few years, ranging from a low of 0.01 to a high of 0.38. The ratio indicates the proportion of the company's capital structure that is financed by debt, with lower values suggesting lower financial risk and dependency on debt financing.

The trend in the debt-to-capital ratio for LivaNova PLC shows some variability, with an increase observed from March 31, 2020, to March 31, 2021, reaching its peak at 0.38. Subsequently, there was a decrease in the ratio by June 30, 2021, followed by fluctuations within a narrower range from 0.01 to 0.33 between June 30, 2021, and December 31, 2024.

Overall, the debt-to-capital ratio of LivaNova PLC indicates a moderate level of leverage, with the company maintaining a balance between debt and equity financing in its capital structure. It is important for investors and stakeholders to monitor this ratio to assess the company's financial stability and risk management practices.